Stifel Nicolaus Upgrades Sprint Nextel to Hold

Stifel Nicolaus is out with its report today on Sprint Nextel S, upgrading S to Hold. In its report, Stifel Nicolaus writes, "We are upgrading our rating on the shares of Sprint Nextel to Hold, in light of the recent sell-off in the name, that has caused shares to fall by 29.0% since June 1st, as opposed to a 6.3% decline in the S&P 500 over the same timeframe." At the time of posting, shares of S were trading pre-market at $4.11, down 0.96% from Wednesday's close.